Edmonton, Alberta-based Aurora Cannabis reported positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) With a value of 1.4 million Canadian dollars ($ million) in the year’s second fiscal quarter, the company announced late Thursday.
Positive adjusted EBITDA, a non-GAAP financial measure, was in line with Aurora’s prior guidance.
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The company’s net loss for the first quarter from October to December was C$67.2 million, an improvement over the previous year’s quarterly loss but up from the previous quarter’s loss of C$51.9 million.
Aurora’s sales in the quarter were C$61.7 million, a slight improvement over the same quarter a year earlier.
The sales momentum, albeit small, stands out from competitors like Canopy Growth, whose sales fell 28% in the October-December 2022 quarter, compared to a year earlier.
On a conference call with analysts, CEO Miguel Martin said Aurora’s latest achievement is positive cash flow, which
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